With the end of financial year fast approaching in Australia, the candidate crunch has spawned a re-think from employers looking for individuals with international accounting standards knowledge.
Accountants can take heart from knowing the tight labour market has forced employers to adopt a more liberal attitude toward securing regulatory specialists in time for year-end reporting, says Lyndsay Steadman, manager at Michael Page Banking & Finance.
"Two years ago they would have hung out for candidates who had regulatory accounting knowledge from financial services in Australia whereas now they know they will still be waiting so they will look at individuals from all industries," she says.
And Steadman says Australian-based, industry-specific experience is no longer a prerequisite.
"A lot of the corporates are open to candidates who have regulatory knowledge from overseas," she adds.